Prime Drives Private Limited - Company Profile

It is a automotive private limited company based in Coimbatore, Tamil Nadu, India, established in 2020.
2020 Coimbatore, Tamil Nadu, India Active
Last Updated:
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About Prime Drives Private Limited

Prime Drives Private Limited, a active private limited company, was established on 15 July 2020 in Coimbatore, Tamil Nadu, India. Engaging in auto parts & components within the manufacturing sector, it holds CIN: U29304TZ2020PTC034101. Registered under ROC Roc Coimbatore. it is unlisted. It has an authorized capital of ₹1.50 M and a paid-up capital of ₹0.40 M.

Its leadership includes Damodaraswamy Diliphan (Director), Senthilkumar (Director), Damodaraswamy Chandru (Director). It holds ₹1.91 Cr open charges and ₹3.12 M settled loans. Its latest AGM occurred on 30 September 2024, with the balance sheet filed on 31 March 2024. It is based at 3/142 B, Koraikadu Thottam, A-1 Nagar, Kangeyampalayam, Sulur, Near A Thottam, Coimbatore, Tamil Nadu, 641401.

Company Details
  • Email
    **********
  • Telephone

    +91-XXXXXXXXXX

  • Website
    **********
  • Social Media
    **********
  • Apps
    **********

Company Details

  • CIN/LLPIN

    U29304TZ2020PTC034101

  • Registration Number

    034101

  • Incorporation Date

    15 July 2020

  • Authorized Capital

    ₹1.50 M

  • Paid-Up Capital

    ₹0.40 M

  • ROC Code

    Roc Coimbatore

  • Listing Status

    Unlisted

  • Company Status

    Active

Key Metrics
  • Authorised Capital ₹ 1.50 M
  • Paid Up Capital ₹ 0.40 M
  • Company Age 5 Year, 6 Months
  • Last Filing with ROC 31 Mar 2024
  • Open Charges ₹ 1.91 Cr
  • Satisfied Charges ₹ 3.12 M
  • Revenue Growth **** -67.52%
  • Profit Growth **** 13.17%
  • Ebitda **** -153.26%
  • Net Worth -70.35%
  • Total Assets -24.68%
Company report

Prime Drives Private Limited

Company Report FY 2025-2026

Comprehensive Company Insights

Explore comprehensive insights into Prime Drives Private Limited — covering financial performance, compliance records, Competitor, shareholding patterns, directors, key metrics, and litigation history. Unlock to see detailed insights and stay informed.

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Who are the key members and board of directors at Prime Drives Private Limited?
Current Directors
Name Designation Appointment Date Status
Damodaraswamy Diliphan Director 10 Aug 2020 Current
Senthilkumar Director 10 Aug 2020 Current
Damodaraswamy Chandru Director 15 Jul 2020 Current
Mohan Sripathy Director 15 Jul 2020 Current

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Financial Performance of Prime Drives.

Prime Drives Private Limited, for the financial year ended 2023, experienced significant reduction in revenue, with a 67.52% decrease. The company also saw a substantial improvement in profitability, with a 13.17% increase in profit. The company's net worth observed a substantial decline by a decrease of 70.35%.

Prime Drives revenue growth over time
Prime Drives profit and loss trends over time
Date Amount Transaction Name Valuation Lead Investors Investors
Jul, 2021 Amount Post-IPO - Grab Valuation

investors
Emtek
Feb, 2021 Amount Post-IPO - Grab Valuation

investors
Signite Partners
Jan, 2021 Amount Post-IPO - Grab Valuation

investors
Hana Financial Group , GGV Capital
Feb, 2021 Amount Post-IPO - Grab Valuation

investors
Signite Partners
  • Key Matrics
  • Balance Sheet
  • Profit and Loss
  • Cash Flow
  • Ratios
Metrics
(FY 2023) YOY Growth
(FY 2022) (FY 2021) (FY 2020) (FY 2019)
Total Revenue
********
 -67.52%
*******
*******
*******
*******
Revenue from Operations
*******
 -67.52%
*******
*******
*******
*******
Total Assets
*******
 -24.68%
*******
*******
*******
*******
Profit or Loss
*******
 13.17%
*******
*******
*******
*******
Net Worth
*******
 -70.35%
*******
*******
*******
*******
EBITDA
*******
 -153.26%
*******
*******
*******
*******

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What is the Ownership and Shareholding Structure of Prime Drives?

In 2023, Prime Drives had a promoter holding of 100.00%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Pattern (FY 2024)
shareholding
  • Promoters: 92.83%
  • Public: 4.10%
  • Others: 3.07%
Shareholding Pattern over the Year
FY (2024) FY (2023) FY (2022) FY (2021) FY (2020)
Promoters 92.83 94.62 94.55 94.55 94.55
Public 4.10 3.89 3.95 3.96 3.98
Others 3.07 1.49 1.50 1.49 1.47

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Charges (Loans)
Open Charges

₹19,105,200.00

Satisfied Charges

₹3,120,000.00

Charges Breakdown by Lending Institutions
  • Others : 0.96 Cr
  • State Bank Of India : 0.95 Cr
Latest Charge Details
Date Lender Amount Status
26 Jun 2025 State Bank Of India ₹6.00 M Open
26 Jun 2025 State Bank Of India ₹3.50 M Open
31 Jan 2021 Others ₹2.36 M Open
08 Oct 2020 Others ₹7.25 M Open
08 Oct 2020 Others ₹3.12 M Satisfied

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How Many Employees Work at Prime Drives?

Unlock and access historical data on people associated with Prime Drives, such as employment history, contributions to the Employees' Provident Fund Organization (EPFO), and related information.

Employee Date Number of Employees
2020 78,000
2021 80,500
2022 83,200
2023 86,000
2024 89,500
2025 92,000
Deals i
Graph showing company valuation over time

Gain comprehensive insights into the Deals and Valuation data of Prime Drives, offering detailed information on various transactions, including security allotment data. Explore the intricate details of financial agreements, mergers, acquisitions, divestitures, and strategic partnerships that have shaped Prime Drives's trajectory.

Rating
Graph displaying rating trends over time

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Alerts
Alert Indicator

Stay informed about regulatory alerts and litigation involving and associated companies. Receive timely updates on legal proceedings, regulatory changes, and compliance issues that may impact the company's operations, reputation, and financial performance. Monitor litigation involving subsidiaries, joint ventures, and other affiliated entities to assess potential risks and liabilities.

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Latest Updates, News, and FAQs on Prime Drives
Recent Activity within the Organization
  • Charges

    A charge registered on 08 Oct 2020 via Charge ID 100383236 with Others was fully satisfied on 24 Oct 2025. was recorded as a recent event.

  • Charges

    The activity A charge with State Bank Of India amounted to Rs. 6.00 M with Charge ID 101122458 was registered on 26 Jun 2025. was completed.

  • Charges

    A charge with State Bank Of India amounted to Rs. 3.50 M with Charge ID 101122454 was registered on 26 Jun 2025. was recorded as a recent event.

  • Annual General Meeting

    The activity Prime Drives Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records. was completed.

  • Balance Sheet

    The activity Prime Drives Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Coimbatore. was completed.

  • Charges

    The activity A charge with Others amounted to Rs. 2.36 M with Charge ID 100412668 was registered on 31 Jan 2021. was completed.

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Frequently Asked Questions
What is the CIN of Prime Drives Private Limited?

The CIN of Prime Drives Private Limited is U29304TZ2020PTC034101.

Where is Prime Drives Private Limited headquartered?

Prime Drives Private Limited is headquartered at 3/142 B, Koraikadu Thottam, A-1 Nagar, Kangeyampalayam, Sulur, Near A Thottam, Coimbatore, Tamil Nadu, 641401.

When was Prime Drives Private Limited incorporated?

Prime Drives Private Limited was incorporated on 15 July 2020.

Who are the current directors of Prime Drives Private Limited?

The current directors of Prime Drives Private Limited are

What is the primary industry of Prime Drives Private Limited?

The primary industry of Prime Drives Private Limited is Manufacturing.

Is Prime Drives Private Limited a listed company?

Prime Drives Private Limited is unlisted.

What is the capital structure of Prime Drives Private Limited?

The authorized capital of Prime Drives Private Limited is ₹1.50 M, and the paid-up capital is ₹0.40 M.

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